Symphony is a technology company that focuses on providing secure and compliant infrastructure for the financial services industry. The company offers a platform where solutions are built or integrated to standardize, automate, and innovate financial services workflows, including chat, voice, web, meetings, and more. Symphony primarily serves the financial services industry. It was founded in 2014 and is based in New York, New York.
ESPs containing Symphony
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The communication compliance market provides solutions for businesses to ensure regulatory compliance and governance in their communication channels, particularly in the financial industry. These solutions include voice surveillance technology, mobile capture, communication surveillance, trade reconstruction services, and messaging platforms that integrate with popular consumer messaging applicati…
Research containing Symphony
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Symphony in 1 CB Insights research brief, most recently on Oct 19, 2022.
Expert Collections containing Symphony
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Symphony is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements. Regulatory technology helps companies and regulators address challenges ranging from compliance (e.g. AML/KYC) automation and improved risk management.
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Capital Markets Tech
Companies in this collection provide software and/or services to institutions participating in primary and secondary capital markets: institutional investors, hedge funds, asset managers, investment banks, and companies.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Symphony has filed 16 patents.
Latest Symphony News
Nov 30, 2023
CEO of LEADx and author of Great Leaders Have No Rules. You'll be asked to sign into your Forbes account. Got it Got it! getty Leaders are cultural carriers. Develop them and you can achieve an outsized impact on the day-to-day actions that shape your culture. As Rodolphe Durand and Ioannis Ioannou write in their article for the Harvard Business Review, “In a purpose-driven culture, leaders have a key responsibility: They must clearly communicate and authentically embody the company’s purpose and values.” For a prime example of this ripple effect, I met with the Chief People Officer (CPO) of Symphony Courtney Panik . Symphony is a communications platform for financial services. The company offers features and product solutions such as chat, file sharing, video calls, markets, voice and video data, analytics, and business intelligence. Symphony was actually created by the industry for the industry. All of Symphony’s investors are top banking institutions worldwide who chose to collaborate to create this common platform. They currently have 500 employees. Courtney Panik, CPO of Symphony Panik What Culture Looks Like at Symphony As a ten-year-old company, Symphony is actively shifting from startup mode to scale-up mode. “We spend a lot of time upfront building the foundational blocks that allow us to scale and build upward,” Panik said. Asked how she would describe Symphony culture, Panik shared the most common responses that frequently appeared on the company’s annual engagement survey: “Our employees overwhelmingly describe our culture as inclusive, open, supportive, passionate, and possessing a sense of community.” Panik pointed out that many of these words are also company values. MORE FOR YOU How Symphony Scales Its Culture from Start-up to Scale-up As Symphony made this shift from start-up to scale-up, Panik and her team took a close look at what they needed on a cultural level. “We reviewed how we were structured, how we communicate with each other, and what was needed,” she explained. “We needed to move fast and be flexible. We needed and wanted to be transparent with our employees.” Then, they started to implement formal and informal initiatives to accomplish those needs. Here are a few examples: Communication: Panik and her team ensured that the organizational structure was flat to allow communication to flow. “We have an open-door policy, so everyone from an intern to the most senior person has access to each other, including our chief executive officer (CEO), Brad Levy,” she explained. Transparency: Panik and her team entrust employees firm-wide with important information. “We trust our employees with our financial information, competitive data, and strategy,” Panik said. Community: To foster a sense of community, Panik and her team have spent a lot of time putting together employee resource groups and partnering with community and external organizations. “We partner with Urban Synergy in London, Women in Banking and Finance, Coding Black Females, and more. We set up joint events to provide mentorship, career advancement, and exposure to professional settings. It has become a mutually rewarding relationship and a considerable aspect of culture within Symphony because not only do the participants of these organizations get access, coaching, and this experience, but our employees also get the opportunity to volunteer, share their knowledge, and be a part of the community.” Panik Thinks of People Managers as “Culture Carriers” “People managers are culture carriers. They are driving the majority of the work being performed at Symphony and interacting with more employees at scale and more frequently than more senior leaders,” Panik emphasized. “They really do set the tone.” When it comes to developing leaders, Panik shared what she referred to as her “secret weapon.” “If you're a manager of managers, it’s expected that you co-facilitate with other leaders and managers on development topics. When you see your leader sharing advice, it amplifies the impact and creates a more conducive environment for learning,” she highlighted. “As a small company, we don't have one resource dedicated to learning and development. This area is spread between me and another person. But if we're able to partner with really successful people managers and leaders on these topics, they can help carry some of the load and share their experience and advice. That goes a lot further than human resources (HR) doing it alone.” Panik’s Advice for CPOs: Distribute the Risk Panik’s top piece of advice for a CPO is to “distribute the risk.” She remarked, “If somebody comes to you with a problem, you don't have to solve it alone. Tell your manager, tell the legal department, or talk about it with the leadership team. Bring other people in and solve that challenge with them. In the past, when I had to make a recommendation or come up with a solution, I would toil over it unnecessarily when I could have just sought support a lot earlier and reached a conclusion much faster.”
Symphony Frequently Asked Questions (FAQ)
When was Symphony founded?
Symphony was founded in 2014.
Where is Symphony's headquarters?
Symphony's headquarters is located at 565 5th Avenue, New York.
What is Symphony's latest funding round?
Symphony's latest funding round is Series E.
How much did Symphony raise?
Symphony raised a total of $461M.
Who are the investors of Symphony?
Investors of Symphony include J.P. Morgan Chase, MUFG Innovation Partners, Standard Chartered, Barclays Ventures, CLSA Capital Partners and 23 more.
Who are Symphony's competitors?
Competitors of Symphony include IPC, Q4, LeapXpert, New York Shipping Exchange, Nivaura and 7 more.
Compare Symphony to Competitors
Axoni is a capital markets technology firm. It provides an analysis platform, a communication network, and real-time market information, and it integrates traditional financial technologies with blockchain currencies and transactions. It was founded in 2017 and is based in New York, New York.
CloudMargin is a cloud-based collateral management workflow tool. The firm's Software-as-a-Service model helps financial institutions – including exchanges, brokerage firms, banks, asset management firms and insurance companies – meet regulatory deadlines and reduce costs associated with collateral requirements that are growing. CloudMargin enables clients to experience rapid implementation and access to robust and secure collateral management workflow software.
Trumid operates as a financial technology company. It provides an electronic trading platform and provides corporate bond market professionals with direct access to anonymous and counterparty-disclosed liquidity. It primarily serves the financial technology sector. The company was founded in 2014 and is based in New York, New York.
sFOX is a cryptocurrency prime dealer for institutional investors. It provides the liquidity, security, and infrastructure needed to unlock digital assets and aggregates cryptocurrency liquidity for access to trading opportunities on a global scale. sFOX was formerly known as Ox Labs. It was founded in 2014 and is based in El Segundo, California.
Elefant is a data science Fintech focused on building smarter marketplaces through advanced analytics and abundant capital. Elefant has two operating companies: Elefant Sciences (data science) and Elefant Markets (FINRA regulated broker-dealer). Elefant Markets utilizes proprietary technology to provide liquidity, as principal, to asset managers in the corporate bond market.
TradeIX offers an open platform for trade finance. The company offers tools to transform and rewire the global trade infrastructure. It was founded in 2016 and is based in Dublin, Ireland.